MG Motor to drive in 2nd electric model in 2 years

New Delhi: MG Motor India can launch a new electric vehicle with a price tag below Rs 20 lakh mark in the country over the next two years, according to a top company official. The model would be the automaker’s second electric vehicle in the country after the ZS SUV which is currently tagged between […]

New Delhi: MG Motor India can launch a new electric vehicle with a price tag below Rs 20 lakh mark in the country over the next two years, according to a top company official. The model would be the automaker’s second electric vehicle in the country after the ZS SUV which is currently tagged between Rs 21 lakh and Rs 24.18 lakh (ex-showroom).

“We have been very pleased with our electric vehicle product performance till now. We intend to launch more electric cars in the future and hopefully we can look at a car below Rs 20 lakh as our second EV in the future,” MG Motor India president and managing director Rajeev Chaba said. The automaker, which also sells models like Hector and Gloster, has so far sold around 3,000 units of ZS EV in the country.

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When asked about the timeline for the product launch, Chaba said, “We are not defining the timelines now due to the Covid situation and shortages of essential materials, especially chips. So hopefully in two years, we can do it.” On expectations in terms of policies to drive the growth of the EV sector, he said that the government has already lowered the tax on electric vehicles and the only thing required now is the development of charging infrastructure. “Both the government and industry are working on it. Hopefully, things would again pick up once Covid subsides,” Chaba said.

The automaker is also looking to drive in a mid-sized SUV later this year in order to muster volumes and move ahead in the direction of fully utilising its Halol-based (Gujarat) manufacturing facility which has an installed capacity to roll out about one lakh cars per annum. Chaba said the SUV launch got delayed by a few weeks due to the second wave and is now expected to hit the market in the last quarter of this calendar year. The company expects the SUV to be a volume generator for the company.

In 2020, the automaker had sold 28,162 units, as compared with 15,930 units in 2019 and aims to grow by around 70 per cent this year riding on the new launch and improved Covid situation.

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